I do not think that any timeframe is easier than another, both are difficult until you find your own style and methodology. The only difference being is that a shorter timeframe can bring your TP (take profit) sooner in many cases.
For me daily/weekly trading is difficult because I simply do not have the patience to wait but I would guess while I take lots of small profits regularly (daily) a weekly trader for instance may take alot more profit per trade but only make a few trades per week or month.
Weekly and monthly trading is often regarded as less stressful and I am led to believe that the profits can be quite substantial (and so also losses
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). Of course generally when bigger profits are made then a bigger stop loss is in order and this in itself requires a bigger bank.
Trading multiple trades per day may require very small stop losses and a very small bank if traded via a spreadbetting company (obviously depending on your style of trading) and if you are prepared to make small profits regularly then it can allow you to experience trading profitably if you have little cash to begin with.
I know a few traders who will only consider weekly or monthly trading, their view goes something like this regarding timeframes :
'there are monthly, daily, 4 hourly, hourly and the rest are suicide.....'
Meaning 30 minute, 15 minute, 5 minute and 1 minute are just too stressful and you're likely to have a cardiac !
Now whilst I understand where they are coming from using the smaller time frames can often mean that by 11.00 am you can be finished for the day. For example, if your target is something like 20 pips per day then it is quite often the case that you can achieve this before lunch and you're finished for the day ! I do not find this stressful.
And if you are disciplined and accept your losses (your business expenses) then again you are sometimes finished before lunch. The problem is if you do not accept your business expenses (your losses) and then continue to trade the rest of the day trying to recoup your 'expenses'. This discipline is what separates professional traders from beginners.
If your methology is proven and you have confidence in it then you will accept your losses and tomorrow is another day.
So, weekly/monthly traders will endorse the way they trade and maybe say that 5 minute time frames are too stressful and not enough payback but I would only agree if you traded 5 minute charts all day and every day. In reality most 5 or 10 minute traders trade these time frames for a few hours max and then the rest of the day is free.
For me, trading weekly or monthly would be stressful as I would never 'turn off', at least most days by 12.00/1.00 I am finished win or lose and start the next day.
Having said that I know a few weekly and monthly traders and they are completely relaxed and earn very tidy sums of money !
I suppose it is all about our different types of personality and styles of trading, we are all different and we will all find the style that suits us. And as long as we remain profitable in the long term then there is no right or wrong way.
The only wrong way is long term losses and the only right way is long term consistant profit.
And of course to be happy !
Cofton